UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT: November 3, 2011
AMERICAN CRYSTAL SUGAR COMPANY
(Exact name of registrant as specified in its charter)
Minnesota |
| 33-83868; 333-11693; and |
| 84-0004720 |
(State or other jurisdiction of |
| (Commission) |
| (I.R.S. Employer |
101 NORTH THIRD STREET |
|
|
MOORHEAD, MN 56560 |
| (218) 236-4400 |
(Address of principal executive |
| (Registrant’s telephone number) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 7.01 Regulation FD Disclosure
American Crystal Sugar Company (Company) announced to its shareholders in a letter dated November 3, 2011, that the final actual average gross beet payment for the 2010 crop was $73.02 per ton and that the Board of Directors has approved a unit retain of $4.00 per ton for the 2010 crop resulting in a final actual average net beet payment per ton of $69.02. The Company also stated that the forecasted average gross beet payment for the 2011 crop of sugarbeets is currently projected at $59.00 per ton. The actual gross beet payment for the 2011 crop will necessarily differ from the current estimate to reflect final company operations and selling prices for the Company’s products during fiscal year 2012.
This report contains forward-looking statements and information based upon assumptions by the Company’s management. These forward-looking statements can be identified by the use of forward-looking terminology such as “expects”, “believes”, “will” or similar verbs or expressions. If any of management’s assumptions prove incorrect or should unanticipated circumstances arise, the Company’s actual results could materially differ from those anticipated by such forward-looking statements. The differences could be caused by a number of factors or combination of factors, including, but not limited to, those factors influencing the Company and its business which are described in “Risk Factors” section contained in the Company’s Annual Report on Form 10-K for fiscal year 2010. Readers are urged to consider these factors when evaluating any forward-looking statement. The Company undertakes no obligation to update any forward-looking statements in this report to reflect future events or developments.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
|
|
| AMERICAN CRYSTAL SUGAR COMPANY | ||
|
|
| |||
|
|
| |||
Dated: | November 3, 2011 |
| /s/ Teresa Warne | ||
| By: | Teresa Warne | |||
| Its: | Chief Accounting Officer | |||
